Gold Short/ Sell

2023年6月14日

🔰 Pair Name : XAU/USD
🔰 Time Frame : 4hrs
🔰 Scale Type : MID/LONG Scale
🔰 Direction : SHORT/SELL

-Daily/ 4H symmetrical triangle pattern has broken in a downtrend channel yesterday after CPI data released
-Now price is trying to retest the triangle pattern upper side again, we are looking for sell with eyes on today's Core PPI news.
-Be aware Gold daily up trend line is already broken.

2023年6月14日

交易進行

2023年6月14日

註釋

Gold might has a possibility gold retrace to fib level 78.6 from yesterday's higher high at price level 1965 before sell starts

2023年6月15日

註釋

TP1 Reached! Keep holding! Long way to go.

2023年6月22日

註釋

As per the analysis provided, it appears that the market sentiment is currently bearish for #gold. Despite the jobless claims data being slightly higher than predicted, the market interpreted it as positive news for the dollar. Consequently, after a brief spike in the price of gold, bearish movement has taken control.

Based on this analysis, a potential trading strategy could involve selling gold with a stop-loss (SL) placed above 1835 and setting a minimum target of 1900.